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Someone just burned $8 million of bitcoin (protos.com)

submitted 1 week ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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More than 107 BTC are now provably burned from the supply until someone invents a cryptographically relevant quantum computer. The post Someone just burned $8 million of bitcoin appeared first on Protos.

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[–] RamenJunkie@midwest.social 0 points 1 week ago (2 children)

Bicoins are woth zero man.

[–] musicalphysics@discuss.online 0 points 1 week ago (1 children)

That isn’t the objective reality. You may not think Bitcoin has value but the chances of you getting a full bitcoin for $0 are effectively zero.

[–] RamenJunkie@midwest.social 0 points 1 week ago (1 children)

For what? For 0 what?

Ohbright, you have to measure it in dollars, because it has no value on its own, you have to turn it into real money to use it.

[–] musicalphysics@discuss.online 0 points 1 week ago

Dollars and every other fiat currency have no intrinsic value. Bitcoin provably takes energy and work to create. Bitcoin can be sent to anyone in the world without spending any fiat. Would you like to try an argument based in reality?

[–] onnekas@sopuli.xyz 0 points 1 week ago* (last edited 1 week ago) (1 children)

Yes, in the same way a green piece of paper with 10$ written on it is almost worthless. Yet you can buy stuff with it.

(I don't like bitcoin or crypto in general, but I think as long as someone is willing to give you money or goods in exchange for a certain thing then this thing has a worth??)

[–] RamenJunkie@midwest.social 0 points 1 week ago

The difference is thst green piece of paper is backed by an entire country's economy and military, etc.

Crypto is backed by hopes and dreams and scams. WoW tokens are worth more than crypto.